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Up to now, the total trading volume exceeded $2 billion, with top trader trading volume nearing $200 million
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#GateRedBullRacingTour# - 📢 Gate releases its latest Reserve Audit Report!
💰 Total reserves: $10.453B
🟢 Excess reserves: $1.96B — ensuring full coverage and extra security for user assets.
Gate continues to uphold 100% proof-of-reserves and full transparency.
🔗 Read the full report: https://www.gate.com/zh/announcements/article/45617
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- #Gate Latest Proof of Reserves Reaches 10.453 Billion Dollars#
Gate has released its latest Proof of Reserves report! As of June 2025, the total value of Gate’s reserves stands at $10.453 billion, covering over 350 types of user assets, with a total reserve ratio of 123.09% and an excess reserve of $1.96 billion.
Currently, BTC, ETH, and USDT are backed by more than 100% reserves. The BTC customer balance is 17,022.60, and Gate’s BTC balance is 23,611.00, with an excess reserve ratio of 38.70%.The ETH customer balance is 386,645.00, and Gate’s ETH balance is 437,127.00, with an excess reserve
Alibaba Cloud will launch its second data center in South Korea in June.
Gate News bot message, Alibaba Group Holding Limited will open its second data center in South Korea by the end of June, accelerating its multi-billion dollar bet on artificial intelligence and cloud computing.
An Alibaba spokesperson said the new factory was part of a 380 billion yuan ($52.9 billion) investment plan for artificial intelligence and cloud infrastructure announced earlier this year. The company said in a statement on Thursday that the expansion was to meet the growing demand for cloud and artificial intelligence services from South Korean businesses.
Alibaba Cloud entered the South Korean market in 2022, establishing a data center in Seoul. Its clients include artificial intelligence solution provider Univa and Naver subsidiary Snow, both of which have been utilizing Alibaba Cloud's basic artificial intelligence models. Alibaba Cloud operates 87 availability zones across 29 regions globally, making it the largest cloud service provider in China.